What's the difference between a Medicare broker and a Medicare agent?

Answered by 12 licensed agents

The main difference between a Medicare broker and a Medicare agent is that brokers represent multiple insurance companies and can present a broader range of Medicare plans, while agents typically represent one insurance company and offer a more limited selection of plans.

Answered by Lea Ayres on March 12, 2025

Broker Licensed in PA, CT, MD & 8 other states

Answered by Lea Ayres Medicare Insurance Agent
While an agent may be captive and only represent one health care company, a Medicare broker represents many different health care companies, and therefore, a broker can find you the best plan to fit your needs.

Answered by William Lawler on March 29, 2025

Broker Licensed in MO, FL, IA & 12 other states

Answered by William Lawler Medicare Insurance Agent
There really isn't difference, the main thing to know is that your Agent/Broker does not work for 1 specific insurance company. That way there is no bias in the plan offerings.

Answered by Bryan Smith on March 10, 2025

Broker Licensed in UT, AL, AR & 35 other states

Answered by Bryan Smith Medicare Insurance Agent
Medicare brokers usually can show prospects different options. A insurance company medicare agent will only explain to members the plans that the company sells.

Answered by Vincent Esposito on March 26, 2025

Broker Licensed in NY, FL & NJ

Answered by Vincent Esposito Medicare Insurance Agent
A broker represents multiple and, in some cases, all carriers, while an agent only represents one carrier. A broker is generally only paid commissions by the carrier they assist the client they've enroll in while an agent traditionally is paid a salary plus commissions.

Answered by Shawn Brown on March 27, 2025

Broker Licensed in FL, AL, CO & 7 other states

Answered by Shawn Brown Medicare Insurance Agent
Typically, a broker owns a small insurance company that may also produce, and an agent is usually a producer who works for the broker or the brokerage company.

Answered by John Henley on March 28, 2025

Broker Licensed in MS, AL, AR & FL, MO, TN & TX

Answered by John Henley Medicare Insurance Agent
A Licensed Agent may work for just ONE INSURANCE CARRIER…perhaps CIGNA, AETNA, HUMANA, CAREFIRST, UNITED HEALTHCARE…and therefore be predisposed to advise you that his or her company has the best Plan for the client.

An Independent Broker is someone who can be “appointed” by all of the Insurance Carriers and therefore be in the best position to advise the client. An Independent Broker guides the client to the best Plan that fits their budget, their health situation, their risk level, which Doctors the client sees, and even which Pharmacies the client uses.

Answered by John L Herman Jr on March 26, 2025

Broker Licensed in MD, DE & PA

Answered by John L Herman Jr Medicare Insurance Agent
An agent typically represents only one company while a broker represents multiple companies giving you a broader range of products to choose from

Answered by Steve Houchens on April 2, 2025

Agent Licensed in KY & TN

Answered by Steve Houchens Medicare Insurance Agent
Agents normally only contract and represent only one carrier.

Brokers handle more plans and give you more options.

Using the Medicare Name is not permitted, especially if you represent yourself as being a representative of Medicare.

Answered by Michael Pyers on March 31, 2025

Broker Licensed in OH & MI

Answered by Michael Pyers Medicare Insurance Agent
A broker works with several companies to provide options for you.

An agent is an individual who may be captive to 1 company and sell you on their plans.

Answered by Norman Smith on April 1, 2025

Agent Licensed in FL & PA

Answered by Norman Smith Medicare Insurance Agent
Mostly they are the same thing - but a Medicare agent typically only represents one or two carriers, when a broker contracts with many more carriers and doesn't work/sell for only one specific carrier.

Answered by Ginger Gibbs on March 31, 2025

Broker Licensed in NV, AZ, CA & 14 other states

Answered by Ginger Gibbs Medicare Insurance Agent
Medicare broker- respresents multiple insurance carriers. Medicare agent- same but may be more limited.

Answered by Marisol Torres on March 26, 2025

Broker Licensed in IL, CA, FL & 19 other states

Answered by Marisol Torres Medicare Insurance Agent

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